The forward-looking statements in this press release represent MPS' projections and current expectations, as of the date hereof, not predictions of actual performance. MPS assumes no obligation to update the information in this press release or in the accompanying conference call.
About Monolithic Power Systems, Inc.
Monolithic Power Systems (MPS) is a fabless semiconductor company specializing in high-performance analog ICs. Founded in 1997, MPS's core technology is its innovative and proprietary manufacturing process combined with superior analog circuit design capabilities across system-level and end customer applications. These combined advantages enable MPS to deliver highly integrated monolithic products that offer energy efficient and cost-effective solutions. MPS product families include DC/DC converters, LED drivers and controllers, Class-D audio amplifiers, battery chargers and protections, USB and current-limit switches and AC/DC offline products. MPS has over 1,000 employees worldwide, located in the United States, China, Taiwan, Korea, Japan, Singapore and across Europe.
Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries.
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Condensed Consolidated Balance Sheets
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September 30, |
December 31, |
|
|
2013 |
2012 |
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ASSETS |
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Current assets: |
|
|
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Cash and cash equivalents |
$ 110,446 |
$ 75,104 |
|
Short-term investments |
93,902 |
85,521 |
|
Accounts receivable, net of allowances of $10 as of September 30, 2013 and $20 as of December 31, 2012 |
21,957 |
19,383 |
|
Inventories |
42,975 |
32,115 |
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Deferred income tax assets, net - current |
19 |
1 |
|
Prepaid expenses and other current assets |
1,651 |
2,177 |
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Total current assets |
270,950 |
214,301 |
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Property and equipment, net |
67,221 |
59,412 |
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Long-term investments |
9,847 |
11,755 |
|
Deferred income tax assets, net - long-term |
669 |
669 |
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Other assets |
1,353 |
1,025 |
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Total assets |
$ 350,040 |
$ 287,162 |
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|
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LIABILITIES AND STOCKHOLDERS' EQUITY |
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Current liabilities: |
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|
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Accounts payable |
$ 10,406 |
$ 9,859 |
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Accrued compensation and related benefits |
6,708 |
7,686 |
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Accrued liabilities |
9,245 |
5,915 |
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Total current liabilities |
26,359 |
23,460 |
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|
|
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Long-term liabilities |
1,311 |
- |
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Non-current income tax liabilities |
5,039 |
5,408 |
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Total liabilities |
32,709 |
28,868 |
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Stockholders' equity: |
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|
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Common stock, $0.001 par value; shares authorized: 150,000; shares issued and outstanding: 38,227 and 35,673 as of September 30, 2013 and December 31, 2012, respectively |
235,993 |
194,079 |
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Retained earnings |
75,439 |
60,040 |
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Accumulated other comprehensive income |
5,899 |
4,175 |
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Total stockholders' equity |
317,331 |
258,294 |
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Total liabilities and stockholders' equity |
$ 350,040 |
$ 287,162 |
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